Another day; another merger. After a spate of law firm mergers recently that saw Goldfarb Seligman and Gross merge, this week saw the turn of Naschitz Brandes Amir, which announced it is uniting with the firm of Shenhav Konforti Rotem & Co., which numbers 15 lawyers. The merged firm will have 240 lawyers and altogether some 380 […]
Author: Idan Nishlis
Over 130 Israeli hi-tech companies this week protested in large numbers against the new government’s proposed judicial reform. According to hi-tech industry executives and experts in the field, the judicial reform is likely to harm Israel’s hi-tech industry (which represents about a quarter of the State’s economy and over half of its exports), by tanking […]
Israel Discount Bank has issued USD 800 million in senior bonds – its first international bond offering, and one of the largest offerings by an Israeli bank. Herzog advised the underwriters on the transaction, led by Ron Ben-Menachem (Capital Markets), Nir Dash (Capital Markets), Mohammad Mawasi (Capital Markets), Irit Roth (Banking), Dr. Ehab Farah (Tax), and Fanny Elgrably (Capital Markets). Cleary Gottlieb acted as international counsel […]
Fintech company PayEm has raised USD 200 million in credit financing from Viola Credit, as well as USD 20 million in equity funding from Mitsubishi Financial Group, Collaborative Fund and others. DLA Piper advised Viola Credit on providing the credit financing to the Israeli fintech company. Founded in 2019, PayEm has developed a platform that […]
Goldfarb Seligman & Co. and Gross & Co., two of Israel’s biggest law firms, have merged to become the country’s biggest law firm with 520 lawyers. The merged firm will be called Goldfarb Gross Seligman. Goldfarb Gross Seligman’s core practice areas will be high-tech and venture capital, corporate and capital market, mergers and acquisitions, real […]
There has been widespread speculation on the performance of the high-tech sector in the current climate, but the landscape in 2022 still showed strong and positive signs. While the numbers were down on a record-breaking 2021, they were considerably up on 2020 (and showing promise early in 2023). In 2022, There were 100 exits, 66% higher […]
The outlook is a significant change from survey results in 2021 and 2022, when more than two-thirds of CEOs surveyed believed economic growth would increase. While CEOs’ top concerns last year were cybersecurity and health, 40% of respondents this year said they are most concerned about inflation, 31% said they were most concerned about economic […]
Israeli expertise in desalination plants will be further showcased as Israeli company, IDE Technologies plans to build a desalination plant in Mexico. The desalination plant will be connected to a water distribution facility and reservoir in Arizona through a 1,000 ft-long series of pumps and pipes. It will draw water from the Sea of Cortez, […]
Ministry of Finance Accountant General Yali Rothenberg has completed Israel’s first offering of green bonds, amounting to USD 2 billion. The bonds were issued for a term of ten years, bearing annual interest of 4.5%. The offering was aimed at the international market, while talks are underway between the Accountant General Department and the Israel […]
Bank Leumi has carried out an international USD500 million bond offering, the first green bond offering by the bank, which will use the proceeds to finance green projects. White & Case advised as international counsel, with Herzog acting as local counsel on this complex transaction. Calling on specialists from the Capital Markets, Banking, and Tax teams, […]
